KKR: 26 to 1 leverage

"KKR Financial owns about $5.8 billion of mortgage loans, mainly in the form of residential-mortgage-backed securities. The company said it finances about $5.3 billion of that portfolio through short-term borrowing and has an equity investment of about $200 million supporting those positions. That's leverage of more than 26 to 1."

"KKR Financial owns about $5.8 billion of mortgage loans, mainly in the form of residential-mortgage-backed securities. The company said it finances about $5.3 billion of that portfolio through short-term borrowing and has an equity investment of about $200 million supporting those positions. That's leverage of more than 26 to 1."